Jane Street Group LLC Purchases 4,895 Shares of Superior Group of Companies, Inc. (NASDAQ:SGC)

Jane Street Group LLC grew its position in Superior Group of Companies, Inc. (NASDAQ:SGC) by 44.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,971 shares of the textile maker’s stock after purchasing an additional 4,895 shares during the quarter. Jane Street Group LLC owned approximately 0.10% of Superior Group of Companies worth $247,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in Superior Group of Companies by 47.2% during the second quarter. Bank of New York Mellon Corp now owns 112,478 shares of the textile maker’s stock worth $2,127,000 after acquiring an additional 36,045 shares in the last quarter. Rhumbline Advisers boosted its stake in Superior Group of Companies by 2,824.1% during the second quarter. Rhumbline Advisers now owns 17,252 shares of the textile maker’s stock worth $326,000 after acquiring an additional 16,662 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Superior Group of Companies by 253.1% during the second quarter. Acadian Asset Management LLC now owns 69,063 shares of the textile maker’s stock worth $1,303,000 after acquiring an additional 49,506 shares in the last quarter. American Century Companies Inc. boosted its stake in Superior Group of Companies by 81.0% during the second quarter. American Century Companies Inc. now owns 230,235 shares of the textile maker’s stock worth $4,354,000 after acquiring an additional 103,051 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. bought a new position in Superior Group of Companies during the second quarter worth $638,000. 33.75% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on SGC. DA Davidson reissued a “buy” rating and set a $24.00 target price on shares of Superior Group of Companies in a research note on Tuesday, October 8th. Barrington Research increased their target price on shares of Superior Group of Companies from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Finally, StockNews.com upgraded shares of Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 3rd.

Superior Group of Companies Stock Performance

SGC opened at $15.09 on Friday. The company has a current ratio of 2.86, a quick ratio of 1.87 and a debt-to-equity ratio of 0.39. The company’s fifty day moving average price is $16.45 and its two-hundred day moving average price is $16.22. Superior Group of Companies, Inc. has a 1-year low of $11.66 and a 1-year high of $21.80. The company has a market cap of $246.59 million, a price-to-earnings ratio of 18.18, a PEG ratio of 2.15 and a beta of 1.46.

Superior Group of Companies (NASDAQ:SGC) last released its quarterly earnings data on Wednesday, November 6th. The textile maker reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.13. Superior Group of Companies had a net margin of 2.37% and a return on equity of 6.75%. The firm had revenue of $149.69 million for the quarter, compared to the consensus estimate of $143.03 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. On average, analysts expect that Superior Group of Companies, Inc. will post 0.77 EPS for the current fiscal year.

Superior Group of Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.56 annualized dividend and a dividend yield of 3.71%. Superior Group of Companies’s dividend payout ratio is currently 67.47%.

Insider Activity

In other news, Director Andrew D. Demott, Jr. sold 12,500 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $16.32, for a total value of $204,000.00. Following the completion of the sale, the director now owns 205,281 shares in the company, valued at $3,350,185.92. This represents a 5.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 26.50% of the stock is currently owned by corporate insiders.

Superior Group of Companies Profile

Superior Group of Companies, Inc manufactures and sells apparel and accessories in the United States and internationally. It operates through three segments: Branded Products, Healthcare Apparel, and Contact Centers. The Branded Products segment produces and sells customized merchandising solutions, promotional products, and branded uniform to chain retailer, food service, entertainment, technology, transportation, and other industries under BAMKO and HPI brands.